Allianz to Exit Bajaj Joint Ventures in €2.6 Billion Deal

The company plans to reinvest in India and explore direct operations as it shifts its strategy in the growing market.

Allianz is selling its stake in two joint ventures with India's Bajaj Group for €2.6 billion, pending regulatory approval.
The sale marks a strategic realignment rather than a withdrawal, with plans to reinvest in India's financial services market.
Regulatory approvals for the transaction are expected to take several months to finalize.
Allianz is considering establishing its own business operations in India, moving beyond its current role as an investor.
This shift aligns with broader trends in German industry, which is increasingly looking to India as an alternative to China for growth.